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Carson had the following itemized deductions in 2019: State income taxes $1,500 Charitable contributions $9,900 Mortgage interest (personal residence) $12,000 Medical expenses ($8,000 - [7.5%
Carson had the following itemized deductions in 2019:
| State income taxes | $1,500 |
| Charitable contributions | $9,900 |
| Mortgage interest (personal residence) | $12,000 |
| Medical expenses ($8,000 - [7.5% x $75,000]) | $2,375 |
a. What are Carson's itemized deductions for AMT purposes? b. What is the amount of the AMT adjustment?
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College Accounting, Chapters 1-15
Authors: James A. Heintz, Robert W. Parry
21st Edition
1285639723, 9781285639727
